Problem 3-12 Equity Multiplier and Return on Equity [LO3] Kodi Company has a debt-equity ratio of .70. Return on assets is 7.8 percent, and total equity is $530,000. a. What is the equity multiplier? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the return on equity? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) c. What is the net income? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)